Upstream has reported that SBM Offshore could take the upper hand in competition with MODEC to build and deliver Suriname’s first floating production, storage and offloading (FPSO) vessel, as it was “pre-selected as the preferred bidder.”
Fabio Palmigiani, the publication’s South America Correspondent, said the information came from two industry sources. He wrote that SBM Offshore is taking advantage of its successful track record in neighboring Guyana to determine a swifter timeline for production in Suriname, one source said.
SBM Offshore has been entrusted with awards to deliver FPSOs for five Guyana projects, with three already operational. MODEC has been hired for one, to be delivered in 2026.
TotalEnergies and its Block 58 partner, APA Corporation, are pursuing a US$9 billion oil development for the Sapakara South and Krabdagu discoveries, estimated to hold 700 million barrels of oil collectively. The FPSO would target production at 200,000 barrels per day (b/d).
The plan of development for the Block 58 project is expected to be submitted this year, with approvals and sanctions expected by year-end. Total and APA are targeting first oil in 2028.
